Posted: December 30th, 2021
1. Evaluating What Went Wrong at Knight Capital: Using the concepts of Operational Risk management, please provide answers to the following questions on the failure at Knight Capital:
i. Summarize briefly what went wrong at Knight Capital on August 1, 2012.
ii. Identify the root causes of Knight’s loss event (as one or more of the following: failed or inadequate internal process, people, or systems, or external events).
iii. Categorize the loss events into one or more Basel Level 1 Event Types (using Annex 9).
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